The State of Flexible Office Space
Once considered a niche offering, flexible office space has become a prominent component of building owners’ and
corporate occupiers’ real estate strategies. As such, it represents a structural shift in office leasing that will survive—and
perhaps thrive—in an economic downturn.
This shift has come at a time when business models predicated on sharing, such as Airbnb and Uber, have disrupted
traditional industries. While the real estate industry is rarely a first mover, especially with trends that might disrupt how it is
valued, the explosive growth of flexible office space this late in the economic cycle is not surprising.
This report explains how flexible offerings have caused a structural shift in the U.S. real estate industry. It also explores
potential growth opportunities and the sector’s likely prospects in a recession scenario.
Read More from CBRE’s Agile Real Estate Knowledge Hub
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